Jul 07, 2009 9:10 AM EST

Mike Bibby has agreed to a three-year deal with the Hawks, according to two sources close to the situation.

The new deal is worth $18 million, according to the Atlanta Journal-Constitution.

Bibby averaged 14.9 points, 5.0 assists and 3.5 rebounds last season for the Hawks, who won 47 games and advanced to the second round for the first time in over a decade.

Via Atlanta Journal-Constitution